Subject: File No. S7-20-08
From: William Raymond

August 7, 2008

Naked shorting is wrong and should be banned entirely for all stocks, not just Freddic Mac and Fannie Mae. A lot of damage is being done to the general investing public by hedge funds that are blatenly violating the rule. What are you being paid for anyway? Do your damn job and enforce or strengthen the rules. Sincerely, W. Raymond.